Piper Sandler Reaffirms Their Hold Rating on SEI Investments Company (SEIC)
In a report released today, Crispin Love from Piper Sandler maintained a Hold rating on SEI Investments Company, with a price target of $93.00.
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According to TipRanks, Love is a 4-star analyst with an average return of 10.2% and a 67.22% success rate. Love covers the Financial sector, focusing on stocks such as SEI Investments Company, Blackstone Group, and Ellington Residential Mortgage.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for SEI Investments Company with a $105.25 average price target.
Based on SEI Investments Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $578.51 million and a net profit of $164.2 million. In comparison, last year the company earned a revenue of $537.4 million and had a net profit of $154.9 million
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SEIC in relation to earlier this year. Earlier this month, Alfred West, the EC of SEIC sold 24,770.00 shares for a total of $2,003,149.90.
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